Traders Daily Direction
How to Learn the Ins and Outs of Futures Trading
Good afternoon, Daily Direction readers! It’s Wednesday… The mid-point of the trading week! This is the day when we discuss the fundamentals of futures trading. We’ll talk about futures contracts and how to trade them. As many of you know by now, trading has the potential to be extremely profitable. Billions of dollars move through … The post How to Learn the Ins and Outs of Futures Trading appeared first on Josh Daily Direction.
Preparing for a Bullish Break in Gold Futures
Good morning, Daily Direction readers! Today, we’re looking at the Gold Futures (GC) market, as it could be setting up nicely for a bullish U-turn on the daily timeframe. First, however, let’s recap where GC is on a longer-term timeframe… On the monthly timeframe chart, GC is in an uptrend and is making higher highs … The post Preparing for a Bullish Break in Gold Futures appeared first on Josh Daily Direction.
The Right Way to Set Up Your Charts
Good Morning, Traders! I’m going to show you what indicators and setups I use to prepare my charts today. I understand that dealing with all of the data for trading may be overwhelming, so I wanted to take some time to give you some real advice that will help you become a better trader. Properly setting … The post The Right Way to Set Up Your Charts appeared first on Josh Daily Direction.
The Right Way to Manage Risk
Hello, Daily Direction readers! We’ve reached Friday, which means it’s time to wrap up another trading week, unwind over the weekend, and prepare to start all over again on Monday! One of the best ways to prepare for the trading week is to go over some of the key facts that support my methodology. The … The post The Right Way to Manage Risk appeared first on Josh Daily Direction.
The Latest Scoop On Gold Futures
Good morning, Daily Direction readers! In today’s edition, we’ll follow the gold futures market (GC) as we actively look for opportunities for smart trades! Both the long-term and short-term directions are up for the GC. With a daily Fibonacci extension of 2114.6, there’s an opportunity for plenty of ticks above the current market. Investors are still … The post The Latest Scoop On Gold Futures appeared first on Josh Daily Direction.
Looking Back So We Can Move Forward
Hello, Daily Direction readers! We’ve reached the middle of the trading week! It’s time to step back, look at where we’ve been and where we’re going over the next couple of days. To do that, we need to discuss some of the fundamentals of the futures market. Futures are just that: contracts for buying and … The post Looking Back So We Can Move Forward appeared first on Josh Daily Direction.
Waiting on the NQ to Turn Around
Good morning, Daily Direction readers! We’re looking at the Nasdaq 100 E-mini futures market (NQ) today as we continue to monitor some very fascinating market events. With everything going on in Europe right now, we all know that Wall Street investors are keeping a careful eye on the news cycle. As things progress, staying true to our … The post Waiting on the NQ to Turn Around appeared first on Josh Daily Direction.
Getting Ready for a Move in Gold Futures
Good morning, Daily Direction readers! Today we’re watching gold futures (GC) as the market could be pushing through the short-term down trendline. If/when that happens, we’ll look for opportunities to trade the market. With all of the volatility we’re seeing in the market, keeping to our strategy is of the utmost importance. Investors are watching the latest headlines, … The post Getting Ready for a Move in Gold Futures appeared first on Josh Daily Direction.
Don’t Let the Market Data Overwhelm You
Good Morning, Traders! You’ve made it to another Friday. Congratulations! Today, I want to teach you what indicators and setups I use when preparing my charts. I know it can get a bit confusing when dealing with all the data for trading, so I wanted to pause for one moment and give you some solid info … The post Don’t Let the Market Data Overwhelm You appeared first on Josh Daily Direction.
The Right Way to Make Trading Less Difficult
It’s Thursday, Daily Direction readers! If you’re a subscriber to my Daily Direction email, you’ll notice numerous important indicators down the right-hand column as you read this newsletter. These simple symbols offer a quick snapshot of how our selected futures market performed for the day. Daily Direction’s purpose is to provide you with the knowledge … The post The Right Way to Make Trading Less Difficult appeared first on Josh Daily Direction.
The Key to Finding Trading Opportunities
Hello, Daily Direction readers! We’ve made it to the halfway point in another trading week! That means it’s time to review some of the basic aspects of our strategy. I know that things seem pretty complicated right now, with the increased volatility and the serious headlines in the news. But as long as we focus on … The post The Key to Finding Trading Opportunities appeared first on Josh Daily Direction.
The Long-Term Outlook for the Nasdaq
Good morning, Daily Direction readers! We’re taking a look at the Nasdaq 100 futures market (NQ) today as we continue to watch the current selloff. While we’re out of the NQ right now, our data shows signs of a rally in the long-term outlook. Currently, the market is retracing off of the monthly timeframe toward a known level of … The post The Long-Term Outlook for the Nasdaq appeared first on Josh Daily Direction.
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